Tax Tips Blog
Young Family Business Owners Can Be the Most Determined to Sustain and Grow Your Business
According to research by Family Enterprise Foundation, younger generation owners are the most committed to preserving the family business. A survey found that “97 percent of next-generation respondents consider it…
What Trends Should Small Businesses Be Watching in 2022?
This article discusses a variety of trends that small businesses should either be focusing on or not as we continue along in 2022. For example, this link lists shipping status,…
Does Your Estate Plan Need Updating to Include Digital Assets?
This article explains the importance of keeping your estate plan up to date, especially since people are living longer and need more options in their documented life. Three sections in…
Strategies for Preventing Fraud
This article discusses how fraud is one of the most concerning topics for start-ups and small businesses alike due to the highly digitalized world that we live in today. It…
If You Have a Side Hustle, Be Advised: The IRS is Cracking Down
For several years now, the IRS has required payments made to merchants through various marketplaces, payment processors (credit & debit cards), and third-party settlement organizations (TPSOs) to be reported on…
Hobby or For-Profit Activity? The Answer Makes a Big Difference for Tax Purposes
If you are engaged in an activity that produces income, the big tax question is whether the activity is a hobby or a business. The tax treatment of your income…